food prices

Will Food Prices Hikes Slowdown?
Will Food Prices Hikes Slowdown?
By the time the year is over, how much more will we have paid at the local grocery store for our foods?   The forecast, according to Matt MacLachlan, is for a 10%-11% year over year increase.  MacLachlan tracks food prices for the USDA, and he notes the increase in prices may slow significantly in the final quarter of the year, thanks to what we saw happen in July; with declines in energy prices,
Survey: Consumers are Relying on Chicken Despite Inflation
Survey: Consumers are Relying on Chicken Despite Inflation
Despite economic challenges, Americans are still buying chicken.  Those findings presented at the recent 2022 Chicken Marketing Summit.  The survey showed that while consumers average rating for their current financial situation is midway between “poor” and “excellent,” 87% are buying the same amount or more of fresh chicken compared to six months ago. Chicken continues to be the h...
ERS Examines Food Inflation
ERS Examines Food Inflation
Retail food prices increased by 3.5% in 2021, equal to the rate in 2020 and greater than the historical annual average of two percent from 2000 to 2019. However, Economic Research Service expects less inflation this year. USDA projects that prices for food-at-home, purchased typically from grocery stores, will increase between 1 ...

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